Bravo Brio Restaurant Group Price Target Lowered to $12.00 at Piper Jaffray (BBRG)
Stock analysts at Piper Jaffray reduced their price objective on shares of Bravo Brio Restaurant Group (NASDAQ:BBRG) from $13.00 to $12.00 in a report issued on Thursday, AnalystRatings.Net reports. Piper Jaffray’s target price points to a potential downside of 14.89% from the stock’s previous close.
Bravo Brio Restaurant Group (NASDAQ:BBRG) traded down 0.77% during mid-day trading on Thursday, hitting $14.10. The stock had a trading volume of 112,922 shares. Bravo Brio Restaurant Group has a 52 week low of $14.03 and a 52 week high of $19.10. The stock has a 50-day moving average of $15.76 and a 200-day moving average of $15.65. The company has a market cap of $274.5 million and a price-to-earnings ratio of 20.01.
A number of other analysts have also recently weighed in on BBRG. Analysts at Zacks upgraded shares of Bravo Brio Restaurant Group from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 7th. They now have a $16.30 price target on the stock. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Bravo Brio Restaurant Group presently has an average rating of “Hold” and a consensus target price of $17.46.
Bravo Brio Restaurant Group, Inc is the owner and operator of two Italian restaurant brands, BRAVO! Cucina Italiana (NASDAQ:BBRG) and BRIO Tuscan Grille (BRIO).
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